Yahoo

When Verizon agreed to purchase Yahoo for $4.8 billion, it was the right price. Not because Yahoo was worth $4.8 billion, simply because it was the price Verizon was willing to pay. Valuations are all smoke and mirrors until someone is willing to write you a check. That is the moment (the only moment) you know the true value of anything.

Yahoo CEO Marissa Mayer is in the hot seat; some investors are calling for her to step down, others want the company broken up and sold for parts, still others are concerned that the value of their investment is less than zero. So, does Yahoo have a right to exist in 2016?

Yahoo servers were infiltrated in the past two weeks by hackers who exploited the widespread Shellshock vulnerability, according to an independent security researcher. Yahoo said on Monday that no user data was at risk. The Internet addresses of the breached...

For an illuminating glimpse of government power in action, it’s hard to beat the fines the Justice Department threatened to level against Yahoo if it didn’t comply with a secret and sweeping surveillance request in 2008. News coverage of the...